SEC Form 4 · accession 0001144204-17-019253
Global Net Lease, Inc. · GNL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott J. Bowman
Officer — CEO & President
Period of report
Apr 3, 2017
Accepted (ET)
Apr 5, 2017 · 5:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001526113
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 3, 2017 | C | 31,956 | — | A | 42,330 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OP UnitsF2 | — | Apr 3, 2017 | C | 31,956 | D | — | — | Common Stock | 31,956 | 0 | D |
Explanation of responses
- F1On April 3, 2017, the reporting person redeemed 31,956 units of limited partnership interest ("OP Units") in Global Net Lease Operating Partnership, L.P. (the "Operating Partnership") in exchange for 31,956 shares of common stock of Global Net Lease, Inc. (the "Company") in accordance with the terms and conditions of the limited partnership agreement of the Operating Partnership.
- F2OP Units are exchangeable for cash or, at the option of the Operating Partnership, shares of the Company's common stock on a one-to-one basis. OP Units are exchangeable, except under certain limited circumstances, beginning one year from the date of issuance, which includes the holding period of any units that were converted into OP Units, and have no expiration date.